Armenia, Ukraine and Russia hardest hit by global crisis

Armenia, Ukraine and Russia hardest hit by global crisis
# 20 January 2010 15:01 (UTC +04:00)
Baku. Viktoriya Dementieva - APA. Among the CIS countries, Russia, Ukraine and Armenia have been most affected by the global economic crisis, Itar-Tass quoted Vladimir Sokolin, chairman of the CIS Interstate Statistical Committee, as saying.

“We can distinguish CIS countries in two groups. Azerbaijan, Tajikistan, Uzbekistan, Kyrgyzstan saw growth, and the remaining countries have been hit hard by the crisis," he added.

According to him, Uzbekistan saw an 8% year-on-year economic growth, Azerbaijan – 6.1% Tajikistan – 2.7% and Kyrgyzstan – 2.9% during for three quarters of 2009.

However, according to data for January-September 2009, the year-on-year decline in Armenia, Ukraine and Russia was 18.3%, 15.9% and 9.9% respectively.
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